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<br />3. The mortgagor covenants and agrees that if he shall Tail- to pay said indebtedness or any part thereD[ ifihsrt '::
<br />der, or'ehail fail to perform any covenant or agreement of ihie•iastrumeot ar the promissory note secured hefahpft~e _
<br />entf[e indebtedness hereby secured shall immediately become-dug payable, and collectible without notice,~at-t6~ -
<br />olttioa of the mortgagee or assigns, regardless of maturity, and the mortgagee or his assigns may before or af(4 etjtry
<br />sell;said property without appraieement jthe mortgagor having waived and assigned to the mortgagee alt nFFty of
<br />apptaiacmeat)
<br />I t 1 at judicial Bale pursuant to the provisions of 28 U.S".C. 20(11 l a 1 : or
<br />(u) at the option of the mortgagee, either by auction or by solicitation of aeakd bids,'for the highest sad
<br />best bid complying with the terms of sale sad mamer of payment specified in the published notice of Nle, 6tac
<br />giving four weeks' notice of the time, terms, and place of such sale, by advertisement not less this once
<br />during each,oi' said four weeks in a newspaper pub:iehed or distributed in the county in which said property
<br />is.sitaated, a-1 other notice being hereby waived by the mortgagor (and acid mortgagee, or any person, tm
<br />behalf of said mortgagee, may bid with the unpaid indebtedness evidenced by said note). Said Bale .hall be
<br />held at or oo the property to he Bold or at the Federal, county, or city courthouse for the county in which the
<br />property is located. The mortgagee is hereby authorised to execute for any' on behalf of the mortgagor wad to '
<br />deliver to the purchaser at such sale a sufficient conveyance of said property, which conveyance shall contain
<br />rceitab a. to the happening o[ the default upon which the ezeeution of the power of sale herein granted
<br />depesda: sad the said mortgagor hereby conetitutea and appbiats the mortgagee or any agent or attorney of she
<br />tsoregagee, the agent aed attorney in fact of said mortgagor to make such recitals sad to execute said
<br />eosreymee and tenby covenaey and agrees that the recitals so made shall be effectual to bar all equity or
<br />right of redemption, hatuestead, darer. and all other exemptions of the mortgagor, ail of which are hereby
<br />e:preseiy waived sad conveyed to the mortgagee; or
<br />itIll take say other appropriate action pursuant to state or Federal statute either in state or Federal
<br />court or otherwise for the disposition oC the property.
<br />In the event of a sale as hereioabove provided, the mortgagor or any person in possession under xhe mortgagor shall
<br />then become and be tenants holding over and shall forthwith deliver possession to the purchaser al such sale or be
<br />semmarily dispeaaCpRd,_jpt,_~j~ the provisions of law applicable to tenants holding over. The power
<br />aed ageecy hereby granted are coupled i+it}t an interest and are irrevocable br death or otherwise, and are granted
<br />u cumeLtirc to the remedies for collection of said indebtedness provided by law.
<br />•. The proceeds of any wk of said property ie aeeordaoce with the preceding paragraphs shall be applied fiat
<br />to M7 ~ casts and azpenses oC said u1e, the ezpettsn incurred by the mortgagee for the purpose of pro*ectieg or main-
<br />taining said propeRy, and reasonable attorneys' fees; secondly, to pay the indebtedness secured Kerr,:.;; and thirdly,
<br />to pay any surplus or ezons to the person or pers.tna legally entitled thereto.
<br />S. Ia t~ crest said property ie sold at a judicial foreclosure sale or pursuant to the posrer of sale heroiaabore
<br />gra°aed. and the Prorxeda are trot suieient to pay the total indebtedner xcured by tltia inttrumeat sad evidenced by
<br />s~ Perry anti:' the mortgagee will be entitled to a deficiettey judgment far the amount of the delieienry witJtont
<br />redrj to appratiseasast.
<br />6. 1e the crest the mortgagor fails to pay any Federal, state. or local ta: assessment, income tax or other tax lien,
<br />charge, far, m nibs. expeme charged apiece the property, the mortgagee is hereby authorized at his option to pay
<br />the assts. Aay sutra so paid by the mortgagee shall be added to and become a part of the principal amount of the
<br />indebtsdness eyideaoed br said note, subject to the same terms and conditions. If the mortgagor shall pay aed
<br />discharge the indebtedness evidenced by said promissory note, and shall pay such sums and shall discharge all fazes
<br />sad-liras-and the easy, fees, and expenses of tnakittg, enforcieg, and executing this mortgage, then this mortgage
<br />tthdl he eanaeied and anrrendend.
<br />'' T~ eormants hetiran eantained shall bind and the bonefiy sad adraeuges shall inure to the respective snr
<br />cetsns atad aasiRtr,sf the patttiaa herew. phoerer wed, the singular number shall include the phual, the plural the
<br />taisgafati asd 1Ls arts of asy 6tmiera6all inciode all genders,
<br />a' '~ ~~ of ~7 eoyeaant bents or of the obligation seemed hereby shall at any time thereafter fee held
<br />a its • vainer of rite terms hereof or of the note second hereby, (~
<br />9, ~ ~t~asee rich saetion IOI.1(d) o[ the Rnka and Regulatiotr of the Snell Businw Admiawtratioa [ 13
<br />C.RR. 101,1{Jl]. ti;t,isr~sa-;, to ha tinra+red and enforced in aecordanee with applicable Federal law.
<br />lg; A-' jodieial dsr:taas order, ar
<br />Juigtwaat holding am provision or portion of thu instrument invalid or um
<br />°'~ ssittiit stay ray:itnpir or prelude the enforoeeteat of the rcmainieg provisions or portions of
<br />tom.
<br />sus r... ht (a-tal - „~ ~ ~
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